BONDS AND NOTES FOR UTILITY FUND
Utility
| 1. | Term bonds |
$
|
|||
| 2. | Serial bonds | ||||
| (a) | Issued |
$
|
|||
| (b) | Authorized but not issued |
$
|
|||
| 3. | Bond Anticipation Notes | ||||
| (a) | Issued |
$
|
|||
| (b) | Authorized but not issued |
$
|
|||
| 4. | Capital Notes (N.J.S.A. 40A:2-8) | ||||
| (a) | Issued |
$
|
|||
| (b) | Authorized but not issued |
$
|
|||
| 5. | Other | ||||
| (a) | Issued |
$
|
|||
| (b) | Authorized but not issued |
$
|
|||
| 6. | Total |
$
|
DEDUCTIONS APPLICABLE TO BONDS AND NOTES
FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
| 1. |
Total Cash Receipts from Fees, Rents or Other Charges for Year |
$
|
|||
| 2. | Operating and Maintenance Cost |
$
|
|||
| 3. | Debt Service | ||||
| (a) | Interest |
$
|
|||
| (b) | Notes |
$
|
|||
| (c) | Serial Bonds |
$
|
|||
| (d) |
Sinking Fund Requirements |
$
|
|||
| 4. |
Debt Service per Current Budget (N.J.S.A. 40A:2-52) |
||||
| (a) |
Interest on Refunding Bonds |
$
|
|||
| (b) | Refunding Bonds |
$
|
|||
| 5. |
Anticipated Deficit in Dedicated Assessment Budget |
$
|
|||
| 6. | Total Debt Service |
$
|
|||
| 7. | Total Deductions (Line 2 plus Line 6) |
$
|
|||
| 8. | Excess in Revenues (Line 1 minus Line 7) |
$
|
|||
| 9. | Deficit in Revenues (Line 7 minus Line 1) |
$
|
|||
| 10. | Total Debt Service (Line 6) |
$
|
|||
| 11. |
Deficit (smaller of Line 9 or Line 10) If Excess in Revenues (Line 8) all Utility Debt is Deductible |
$
|
|||
| (a) | Gross System Debt |
$
|
|||
| (b) |
Less: Deficit (Capitalized at 5%), (Line 9 or line 11) $- times 20 |
$
|
|||
| (c) | Deduction |
$
|
|||
| (d) |
Plus: Cash held to Pay Bonds and Notes included in 2 (a) above |
$
|
|||
| (e) | Total Deduction (Deficit in revenues) |
$
|
|||
| (f) | NonDeductible Combined GO Debt |
$
|
|||
| Total Allowable Deduction |
$
|
||||